惠顿贵金属 2025年度报告

FORM 40-F [_]REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIESEXCHANGE ACT OF 1934 OR [X]ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 WHEATON PRECIOUS METALS CORP.(Exact Name of Registrant as Specified in its charter) (Name, address (including zip code) and telephone number (including area code) of agent for service in the United States) Securities registered or to be registered pursuant to Section12(b) of the Act: Securities registered or to be registered pursuant to Section12(g) of the Act:None Securities for which there is a reporting obligation pursuant to Section15(d) of the Act:None For annual reports, indicate by check mark the information filed with this form: [X] Annual information form[X]Audited annual financial statements Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annualreport: 454,033,830 Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Exchange Act during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2)has been subject to such filing requirementsfor the past 90 days. [X] Yes[_] No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit suchfiles). Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act. Emerging Growth Company[] If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has electednot to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section13(a) ofthe Exchange Act.[ ] † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its AccountingStandards Codification after April5, 2012. Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report. If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.[ ] This annual report on Form 40-F shall be incorporated by reference into the registrant’s Registration Statement on Form S-8 (File No.333-128128), onForm F-10 (File No.333-271239) and on Form F-3D (File No.333-286521) under the Securities Act of 1933, as amended. EXPLANATORY NOTE Wheaton Precious Metals Corp. (the “Company”, “Wheaton” or the “Registrant”) is a Canadian issuer eligible to file its annual report pursuant toSection13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on Form 40-F pursuant to the multi-jurisdictional disclosuresystem of the Exchange Act. The Company is a “foreign private issuer” as defined in Rule 3b-4 under the Exchange Act. The common shares of theCompany (the “Common Shares”) are accordingly exempt from Sections 14(a), 14(b), 14(c), 14(f) and 16 of the Exchange Act pursuant to Rule 3a12-3thereunder. FORWARD-LOOKING STATEMENTS This annual report on Form 40-F and the exhibits attached hereto contain “forward-looking statements” within the meaning of the United States PrivateSecurities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to statements with respect to: •payment by Wheaton International (as defined in the Company’s Annual Information Form (“AIF”) of $4.3 billion to BHP (as defined inthe Company’s AIF) and the satisfaction of each party’s obligations in accordance with the BHP Antamina PMPA (as defined in theCompany’s AIF);•the receipt by Wheaton International of silver production in respect of the Antamina mine under the BHP Antamina PMPA;•the ability of the Company to drawdown sufficient funds under both its existing Revolving Facility and the new Term Loan (both asdefined in the Company’s AIF) and the satisfaction of each party’s obligations under the existing Revolving Facility and the new TermLoan;•the ability of the Company to repay the existing Revolving Facility and new Term Loan;